The top three signs of economic recovery in Atlanta
More people are pursuing the homes for sale in Atlanta, which is reflected by several economic factors. Take a look at the top three signs demonstrating this city is rebounding.
1. Falling unemployment rate. According to the Atlanta Business Chronicle, Georgia's unemployment rate was 8.9 percent in May 2012. Atlanta features several Fortune 500 companies that have helped the state lower its jobless rate by 0.9 percent between May 2011 and May 2012. These businesses include Home Depot, Coca-Cola and Delta Air Lines.
2. New businesses ideas. Atlanta companies are looking to enhance their existing operations. The Atlanta Journal-Constitution notes that several community banks are targeting innovative revenue streams in an effort to improve profits.
"Because of the current environment, we're trying to figure out how to do more business with our current clients as well as new ones," said Charlie Crawford, CEO of Private Bank of Buckhead.
More business could lead to an increase in city revenue, which could raise property values and help draw new residents to the city.
3. Potential transportation improvements. Local residents recently had an opportunity to share their opinions and thoughts of the city's transportation system during a series of wireside chats. The Atlanta Regional Commission considered residents' views, which may be reflected in local officials' decisions regarding the July 31, 2012, transportation referendum.